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China Insurance Fund to nvest in Russia's Yamal LNG
Russia >> 1/5/2016 - More than 40 Chinese insurance companies and asset managers have jointly started an investment firm, raising 40 billion yuan ($6 billion) for a first fund to finance energy and infrastructure projects...
French Banks to Finance MIDOR Refinery Expansion
French Banks to Finance MIDOR Refinery Expansion Egypt >> 1/5/2016 - Egypt's oil refinery MIDOR will finance its planned expansion, borrowing $1.2 billion from French lenders Credit Agricole and BNP Paribas, a loan that will be guaranteed by the Italian central bank an...
AWE Approves First Stage Waitsia Gas Field Development
Australia >> 1/5/2016 - AWE Limited announced that the AWE-Operated L1/L2 joint venture has made the Final Investment Decision (FID) for Stage 1A of the Waitsia gas field development project, located in the onshore Perth Bas...
Egypt Arrears Owed to Oil Firms Rises to $3b at End-2015
Egypt Arrears Owed to Oil Firms Rises to $3b at End-2015 Egypt >> 1/3/2016 - Egypt's outstanding arrears to foreign oil companies rose to $3 billion at the end of December 2015 from $2.7 billion at the end of October, Petroleum Minister Tarek El Molla said. ...
China Stock Movements - December 2015
China Stock Movements - December 2015 China >> 1/2/2016 - The latest information for China showed a drop in total commercial oil inventories of 23.5 mb in October following a 5.6 mb stock-draw in September. At 378.2 mb, Chinese oil inventories were around 13...
Schlumberger will Support Tendrara License Operations
Morocco >> 12/30/2015 - Sound Energy, the European / Mediterranean focused upstream oil and gas company has entered into a Field Management Agreement with an affiliate of Schlumberger Oilfield Holdings Limited in relation th...
Investment Flows into Commodities Markets
Investment Flows into Commodities Markets Austria >> 12/27/2015 - Open interest volume (OIV) increased in November for select US commodity markets such as agriculture, crude oil, copper, natural gas and livestock, while it decreased for precious metals. Meanwhile, s...
Egypt Struggles to Pay For Oil amid Foreign Currency Crisis
Egypt Struggles to Pay For Oil amid Foreign Currency Crisis Egypt >> 12/24/2015 - Egypt is struggling to pay for U.S. dollar-priced oil product and liquefied natural gas (LNG) imports, cancelling purchases, and asking suppliers to extend payment terms amid an acute foreign currency...
Algeria Swings into Trade Deficit as Energy Earnings Fall
Algeria >> 12/21/2015 - Algeria posted a trade deficit of $12.62 billion for the first 11 months of 2015, against a $5.45 billion surplus a year ago, after a 42.4 percent fall in energy earnings caused by the drop in crude o...
WRA with Ministry of Petroleum Bring International Technology Companies & Investors to Cairo
Egypt >> 12/20/2015 - The World Refining Association (WRA) announced the inaugural Egypt Downstream Summit & Exhibition is to be held under the patronage of His Excellency Tarek El Molla, Minister of Petroleum and Mineral ...
International Investors to Discuss Partnerships for Egypt’s Power Sector
International Investors to Discuss Partnerships for Egypt’s Power Sector Egypt >> 12/20/2015 - Endorsed by Egypt’s government, the Egypt Energy Investment Summit will take place in Cairo from 16 to 18 February 2016. The meeting is bringing together Egyptian and African government representative...
China's Silk Road Fund Provided 700 mln Euros to Yamal LNG
Russia >> 12/17/2015 - OAO NOVATEK (NOVATEK) announced the signing of binding definitive agreements as part of a transaction for selling an equity stake in the Yamal LNG project to China’s Silk Road Fund (“SRF”). ...
Huge Investments in Mexico Oil & Gas Industry
Huge Investments in Mexico Oil & Gas Industry Mexico >> 12/16/2015 - In 2015 and in the presence of the President, Enrique Pena Nieto, Pemex announced projects representing a total investment of 23 billion dollars that will generate more than 60,000 direct jobs. At the...
Petrobras 2016 Divestment to Take Place Faster than Expected
Brazil >> 12/15/2015 - The pace of divestment at Brazil's state-run oil company Petrobras in 2016 will likely be faster than originally thought, the company's Chief Executive Aldemir Bendine said on Tuesday.
CNPC & Mubadala Petroleum Sign Strategic Cooperation Agreement
China >> 12/14/2015 - On December 13 in Beijing, in the presence of His Highness Sheikh Mohammed Bin Zayed Al Nahyan, Crown Prince of Abu Dhabi, CNPC Chairman Wang Yilin and Dr. Sultan Ahmed Al Jaber, UAE Minister of State...
Egypt Aims to Reduce Oil Product Subsidies
Egypt >> 12/14/2015 - Egypt seeks to reduce oil product subsidies to 30 percent over the next five years, Prime Minister Sherif Ismail said, reversing an earlier decision to fully eliminate the subsidies by that time. ...
Stock Movements - December 2015
Austria >> 12/13/2015 - OECD commercial oil stocks fell in October to stand at 2,955 mb, which is around 244 mb higher than the latest five-year average. Crude and products indicated surpluses of around 180 mb and 64 mb ab...
RDIF & International Funds Invest in ZapSibNeftekhim Project
Russia >> 12/9/2015 - A consortium of investors, comprising the Russian Direct Investment Fund (RDIF) and leading Middle Eastern sovereign wealth funds have invested in SIBUR’s ZapSibNeftekhim project – an integrated petro...
$26.6b Capital & Exploratory Budget from Chevron for 2016
United States >> 12/9/2015 - Chevron Corporation announced a $26.6 billion capital and exploratory investment program for 2016. Included in the 2016 program are $4.5 billion of planned expenditures by affiliates. The 2016 budget ...
Egypt's Sidi Krir Expects 2016 Net Profit to Slip
Egypt >> 12/9/2015 - The board of Sidi Krir Petrochemicals approved a 2016 operating budget with expectations for a 2.4 percent fall in net profit, the Egyptian firm said in a bourse statement. ...

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